Dave Mar Learn More If you have any questions, suggestions, or comments feel free to comment and I will do my best to help you out. When I played the game, I barely looked at what my competitors were doing. You need the capacity for the private label market. Okay! Since youre only in the second year, I would honestly decrease your models to 50. I am a Business Strategy Game Grand Champion. My group and I are also playing the new version of the game and were little bit lost. However, do not price your shoes too high, so that your competitors have a lower price than you and will sell their shoes first. Set Models Offered to 50 and Free Shipping to No. You need to get confidential,accurate,comprehensive, andreliablyup to dateinformation from a trusted andPROVENBusiness Strategy Game source. Always keep that in mind when formulating your strategies and leave room for adjustment where necessary. For the upgrade option C is the one to raise 1 star, but the actual cost it can save me every year is not a lot, should I still do that? A celebrity endorsing your product offers a big boost to product awareness, helps a brand penetrate new regions thus acquiring new market shares, and can drive up sales. My friend and I walk through the simulation on how it works. In conclusion, while the BSG simulation requires tact and strategy, employing the above tips will help you get a better sense of how the game works and incorporating them into your strategies will boost your overall performance. Similar to the branded production, try out the different values to see which combination will give you the lowest Average Production Cost value for your plant and hence, the highest profits. and L.A. volumes and finally plug them into the NA manufacturing slot. How did your 2nd decision go? From experience Id say tho that it is already too late to adjust to my strategy presented. You basically determine and run the market. It is best to build only as much capacity as you can afford without taking any loans. Deciding whether to buy an already functioning plant or build one from the ground up will depend on; whether the geographical region you want to set up has a plant you can buy as well as the time that is available for you to set up a new plant. Again, this can be trial and error for a couple of decisions but you should get a feeling for what multiplier is best for your company. Theres everything explained in detail. Do you know why is that? Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. If it is lower than 40%, your wholesale price will be in competition with your internet price. After you have successfully plugged in your branded pairs that need to be manufactured for both plants, click the Save Decisions button and move on to the Branded Distribution page. No spam ever. Just plug in numbers and note down your net profit values. Pay attention to the plant upgrade options as well. You need this capacity for the private-label market. The image rating of a company is the way it is viewed as a brand, The image rating of a company is usually based on. Yes, I am talking about the www.bsg-online.com for 2023. What Poker Strategists Say Poker is an incredibly strategic game and as such, there's a lot to learn from its big players. It is all about trying out all possible combinations. Play with your numbers around and tweak them to generate maximum net profit. Year 11 might be over for you. Hi! When starting the BSG, you have two long-term loans; one for 5 years, the other one for 10 years. But the plant page did say not recommend to build the plant so I was hesitating. Dont be fooled by cheap imitations by common Industry Champions thatgloss over the obvious. Here, you are treated like a star. It is not. The closer your actual numbers are to your estimates, the more likely it will be that you earn bonus points from the Bulls Eye Award (be within a 5% range of the estimates). The guide features my original model that provides explanation on strategic positioning in BSG which was developed specifically to expose competitors strengths weaknesses at a glance. Strategies, decision screens, reports and tests. Here, you will determine the Percentage of Superior Materials, Number of Models, Enhanced Styling / Features, TQM / Six Sigma Quality Program, Change in Annual Base Wages, Incentive Pay, and Best Practices Training. You will soon know why. In addition, your Retail Outlets values should always be the highest number possible that you are allowed to enter. (0 for both stock issues and stock repurchase). There are tons of possibilities in the Business Strategy Game, and the wrong strategy in the wrong circumstance willCOST you the game. So having understood what the image rating of a company is based upon, how can you improve it? Start off with the values that you know for sure: For the high quality, low models strategy, I recommend starting off with a S/Q rating of 7 stars and 50 models available. . Again, try out each percentage for each region and set it to the percentage that yields the highest profits. Both The Ultimate BSG Solution Guide as well asThe BSG video guide were created by a BSG Grand Champion.Together, you will have all the information you need to not just win the BSG, but to DOMINATE.You get Exclusive VIP access to our secret forum area. I was thinking about building a LA plant because I took the majority of private label there last year. If you're like most students though, you just want to win the Business Strategy Game, be crowned Industry Champion, get the grade, and move . As much as expansion is important to the lifeblood of a company, if you are faced with a situation of people rapidly building a lot of capacity. However, if done right, it is worth the time as it will yield the maximum profit possible and success in your industry. Beating the Business Strategy Game About the Guide. It took me years to learn this and it would take you years as well but,I know you dont have years. Players must make decisions to build brand loyalty by improving . After you have calculated your new regional wholesale sales volume, add the regional internet sales volume to it. After you have done this for both the N.A. If your results in the first year are not too good, its not a big deal. Complement each other. I am currently dominating my industry, and closing in on the top 100 list! Hi! You said that the internet price should be 40% above wholesale. I mainly looked at what they were doing in the private label sector. Members of the team should have skills and strengths that serve to complement each other for a perfect working synergy. Thank you in advance! I would like to ask about the Pay Dividends. My stupidness did not know that I should not pay dividends while Im in LOAN mode. Thank you! Company operations are patterned after I personally would not bid higher than $5,000 $6,000. I highly recommend starting below with my free tips guide. The Capitalism series is widely regarded as the best business strategy game series ever created. Fin. Purchasing capacity is 20% cheaper than building new capacity on your own. I see this every semester, and you dont want it to be you. Learn how to set your prices right by orchestrating your branded market efforts with my intense market advertising and a retail support campaigns that will ensure company stability for years to come. Its not too late to do that yet. If you have any questions, feel free to come back and ask them. Copyright 2018 BGSTips.com | All rights reserved. I am so thankful for your post!!!!!!!!!!!! Hi, youre welcome. Do not worry about those numbers, they will just show you whether your investment is profitable or not. Your interest rates depend on your credit rating and the duration of your loan. Exactly. In the case where other competitors are employing this strategy; strive to be the first team to get the most points. I would always encourage you to bid on available celebrities. Let me know if you have any more questions. I know every strategy, secret, and tip you can possibly imagine about the Business Strategy Game, and Im willing to share them with you. If not, see what positive percentage yields the highest profit for you. SAVE TIME & PASS YOUR CLASS Amplify Your BSG Online Score: https://www.bsg-game.com/select-time Derek's "Pass Your Class Guarantee" . However, it will also decrease your ending cash. You can either take out a 1-year, 5-year, or 10-year bank loan. Business Strategy Game Espanol (Spanish BSG Help ), Ayuda En Espanol Para La Simulacion Glo-Bus (Spanish Glo-Bus Help), Business Strategy Game En Franais/French, En Franais Business Strategy Game Assistance (French BSG Help), Business Strategy Game In Het Nederlands/Dutch, In Het Nederlands Business Strategy Game Help (Dutch BSG Help), Business Strategy Game Auf Deutsch/German, Business Strategy Game Auf Deutch Assistenz (German BSG Help). Like I said before, you should be building capacity, yes. If for whatever reason you arent satisfied with the guide, return it anytime for a full refund. However, keep in mind that your regional endorsement value should not be higher than 400 in any region. The most important advice in advance: it is all about PROFIT. In the last section of the Plant Capacity / Upgrades decision page, you can construct a new plant in either of the two regions where you do not have a plant yet or you can build additional capacity to your N.A. One option that you definitely want to purchase is Option C. Option C increases your S/Q rating by 1 star. Is there anyway to increase the demand for my shoes in the internet/wholesale markets? Order today and you will beprivyto every secret, technique, tip, support, and help I can provide you with thatwill surely secure your SUCCESS and VICTORYas a Business Strategy Game Player. More than often they drone on and on about BSG, to the point, its barely relevant toimpress you with abunch of words. It can be very beneficial for you. I would definitely increase your S/Q rating to 8* and lower your models to 50 (this should be the lowest you can go if I remember correctly). Login Scroll Down Your browser does not support the video tag. Since there are many decision making elements in a simulation game, for example in Global Challenge the business management simulation, there are demand, production, HR, R&D, marketing, logistics, transfer pricing and taxation, and finance decisions, instructors should decide "which . PS: I left a comment, but I did not see it and thus retyped. Thanks a lot! Oh, how I wish I had known all this before I began playing. After watching this comprehensive 75 minute video I haverecentlyfilmed, you will know exactly what you need to do to be successful. The Business Strategy Game BSG is a PC-based exercise designed to mirror the real-world features of the competitive athletic footwear industry. I dont understand why it did this as this capacity was unused and there was upside to having it as my production was max out for the demand. Switch between different advertising budgets to see which strategy will be the most cost-effective to capture the target market at the best price. However, when pricing your shoes, keep in mind to set the price at least $5 below the wholesale price average. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. The BSG Game went through a major revision in the beginning of 2019. To be an Industry Champion, you just have to beat your classmates but to be a Business Strategy Game Grand Champion you have to BEAT every single Industry Champion that's won the Business Strategy Game. havr the highest stock price, image rating at 90, A+ still, and double digit EPS. All you have to do now, is writing down your forecasted Regional Sales Volume for both the Internet Segments and Wholesale Segments in all four regions. So the question is: would you recommend for my team to still increase capacity despite this fact? As a company wants to be in every market, it will be important to . Any advice? You should slightly increase your dividends year by year. The guide also features step by step instructions in how to manage decision screens in making the best decision. If you have your AP price set to e.g. As already mentioned earlier, not every decision has to make sense. Apply the following tips to reduce some of the costs. Buy I have quite a lot ending cash. In addition, the company resembles an athletic footwear company with plant operations instead of outsourcing . Okay. Based on the kind of approach you will use, you might find it useful to keep some of the costs low. NEVER do this. Dont let them beat you to it or you simply wont stand achance. I feel you. Ideally, you can cut your employees wages and will increase profit. You are now all set to dominate your industry and win the BSG! It sometimes works. Using this as a base strategy has yielded good results in my experiences. Percentage of Superior Materials, Number of Models, Enhanced Styling / Features, TQM / Six Sigma Quality Program, and Best Practices Training all affect the S/Q Rating. My question is what if I decreased the pay dividends to $0.15 from $1.00? From the desk of: a Business Strategy Game Grand Champion. Does it hurt any other factors? The information is these guides is laid out, and displayed, in such a way that crucial decisions should be a breeze. update them with tips and food for thought from the paid guide. Like should I add up all my wholesale prices from the 4 regions and then divide by 4 to get an average wholesale price and multiply by 1.40 to get the internet price or should I base it off the lowest wholesale and then multiply by 1.40 to get the internet price? Optimizing your values is the essence of the game, even though it might be very time-consuming. These are some of the tips you can use to win the business strategy game. Skip the fancy words so many other guides drone on about BSG, andget down to real execution of business strategy. Yes, despite your competitors building capacity as well, I recommend increasing capacity in a reasonable amount. That combined will give you a good boost for the last year. I would recommend purchasing the upgrade for both of your plants within the first four years. During the entire simulation process, it is important to keep tabs on the company intelligence reports (C.I.R) and the company operating report (C.O.R) The C.O.R will give you insights into plant investments, labour statistics as well as data on plant capacity. thank you:). If Im wrong, Ill post another comment. If you are completely new and your projected performance box is not showing yet, you have to click the Save Decisions button on the upper right-hand corner for the projected performance box to appear. It will be very helpful for us and will be very grateful Do you still have your upload reports of all your years ? Business Strategy Game Tips - . Also do you know the cost of building additional capacity. After you have plugged in your numbers for both plants and your Branded Pairs Available for Shipment matches your Total Branded Pairs Shipped from each Plant, go ahead, click the Save Decisions button, and move to the Private-Label Operations page. Currently, were selling 150 models. I daily (thank you, Hootsuite, for making it so easy!) Beat the Business Strategy Game. This is why building additional capacity is so important. There should be a balance. This means, you have a channel conflict, meaning that your Retail Outlets number will decrease in the next year and less retailers are willing to sell your shoes. What will I get for my $48? So, play around and find the best combination for your given S/Q rating that yields the highest net profit. Again, it is important that you keep in mind to optimize your profits. Your estimate of the industry average for the internet retail price does not change with your adjusted competitive that you set to +2% before. But this year I have a lot of cash on hand, I upgraded my plant, should I also build the LA plant although I dont need that much capacity at the moment? Profit is the key to success in this game! You are now done with all your decisions for the Corporate Citizenship decision page and should hit the Save Decisions button on the upper right-hand corner. Increase models? When there is a change in any aspect of operations it should be implemented upon approval of all the members. I recommend having a pen and piece of paper next to you so you can write down your net profit and compare when plugging in different values. In this section, you can upgrade your plants. Business Strategy Game - Capitalism Lab. Im giving away adeadly secretinsideMagic Year 11 Secrets Revealedthat will make a person number 1 almost no matter what. I was wondering how much more additional capacity that I should purchase after Ive bought the first 1000 for NA. I have encountered two successful strategies so far: medium-quality shoes (S/Q rating of 5-6 stars) paired with high number of models (250-350 models) and high-quality shoes (S/Q rating of 8-10 stars) paired with low number of models (50 models). And I would not build another plant, rather increase capacity in the plants that you already built. Aim to dominate at least a quarter of the market share in every geographical area of your companys operations. update them with tips and food for thought from the paid guide. ? We have good market share in NA and, last year, we needed to ship the rest of the shoes from AP (incurring in shipping and tariffs costs, hence, the thought of adding capacity in LA). To improve the financial standing of the company it is a wise idea to employ the balanced scorecard to determine the strategies that will boost the companys competitiveness. When you sign up for BSG Tips, youre not alone. While they might boost your image rating, they will decrease your profit. So if one of your markets is not satisfied or prices are high, I would built capacity to attack this market and sell a lot of shoes for a cheap price, to guarantee you the lowest price so that you sell all your offered shoes. The Business Strategy Game or BSG is a simulation game used by, different colleges for their Business capstone. A window should pop up where you can select each of the four regions and change the industry average S/Q rating and competitive impact.